Late night $MPIX technicals, multiple factors are

Late night $MPIX technicals, multiple factors are signaling rally

I'm doing a little late night chart work getting ready for tomorrow's day trading and happened to do some more work on $MPIX. Things are really starting to heat up from a chart's perspective. The charts are nothing more than a visualization of money flow, and at the end of the day markets are one gian flow chart of money flows.

The reason I focus on technicals so much is because it filters out 99% of the noise. In the daily chart below you will see some technicals that I usually do not include my regular analysis. This is mainly because I usually do not use them because they do not change a lot on a day to day basis.

However, I want to point out that in addition to today's follow through close above Friday's high, which was a close above the 20 DMA, as well as the October 2012 move matching the October 2011 move we have a couple of other bullish factors at play.

First, if you look at the MACD panel you will see that we had a cross over in mid September. If you look back you will see that the MACD cross preceded two previous rallies off of the low. This is something that generally happens with stocks when the faster moving MA moves over the slower moving one to the upside. It is an indication of a change in trend.

Second, if you look at the lowest panel, there is the Accumulation/Distribution which has been steady all year but has really been acclerating since the end of August. Even with all the bid whacks, ask sitting, etc., the net effect is accumulation at the dead lows. This divergence is bullish.

We are in the window of time for the big move in MPIX, and multiple chart factors are signaling a move higher. If someone bought out CDEL for about a million shares at .0031 we would have been on our way to .004.

At this point, just watch the tape, news from the firm, but ignore all the crap from the iHub bashers.

[IMG]http://i.imgur.com/YWvL8.png[/IMG]